Regulation Is Coming to the Crypto Business

For the last decade, crypto businesses have operated largely outside of the reach of global regulators. That is about to change.

This illustration photo shows the Coinbase logo on a smartphone in Los Angeles on April 13, 2021. Chris Delmas/AFP via Getty Images

By Daniel Priestley

For the last decade, crypto businesses have operated largely outside of the reach of global regulators. Entrepreneurs have created vast fortunes offering financial products that are not constrained by financial regulations. All of that is about to change.

Last week the SEC announced plans to sue the USA’s largest crypto exchange Coinbase relating to an offering that gives investors interest. The SEC says Coinbase is not regulated to offer such a product as they consider it to be a security.